Galveston Terminals, Inc. v. Tenneco Oil Co.

OPINION ON MOTION FOR REHEARING

MIRABAL, Justice.

We overrule all the motions for rehearing, withdraw our opinion dated May 18, 1995, and substitute the following opinion in its stead.

Plaintiff, Galveston Terminals, Inc., brought suit to enforce a contractual right of first refusal to purchase real property. This is an appeal from a summary judgment in favor of the defendants. We reverse and remand.

The following facts are uncontroverted:

-On July 17, 1980, an agreement was entered into between Galveston Oil Terminal, Inc., 1 as seller, and defendant Tenneco Oil Company, as buyer of a…